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cadillac plans? >> something is happening to them now. there's going to be an exercise tax that kicks in 40% now, on any benefits, premiums paid over $10,200 for individuals, $27,500 for families. so that exize tax kicks in four years from now. employers are shifting costs to the covered people to employees like ourselves and making them pay more in anticipation of that exized tax kicking in. >> if the net cost, in other words, to the company is greater than that 10,200 or whatever it is -- >> pays 40% on top of that. >> the employer pays that. they would figure in the costs they pay to the insurer to cover me. >> that's right. >> and figure in or reduce that amount by the amount that i pay per month. >> one way to address it. >> that i pay in typical deductions. >> overall trend in the industry to shift costs to the employee. >> we know that. >> and this is exacerbating that. >> this is happening for years in the private sector. >> you know, in fairness to the administration, an effort to contain costs to make people aware of what they're paying for. >> one of these things, goes back to th
year's crisis in washington? what they did was, they raised taxes, and they cut spending through the sequester. and that's had a fairly predictable result. it's been good for the deficit. take a look at this chart, and you'll see the deficit as a percent of gdp has gone down dramatically since 2009 when it was 9.2%. 2013, just 4.1%. 79% of the decrease the government says it due to tax receipts. record tax receipts in 2013, up $325 billion from 2012. that's up 13%. so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or f
of taxes and fees associated with the affordable care act that need to go into pricing, so all those things create a very unstable market, cause us to rethink the fundamentals. >> like everything else here, you look a little closer and it's not so simple. divide aetna's billion in costs by its 22 million members, comes out to $45 apiece. so we put this issue to our cnbc global cfo council. 25 chief financial officers representing some of the nation's biggest and most important companies. about half of them responded to our questions. 64% see health care costs per employee rising this year, but a plurality says less than 10% of the increase has anything to do with the affordable care act. indeed, rising premiums at work are nothing new. the kaiser family foundation says over the last ten years, your contribution for health care at work has gone up on average 89%, all of that long before obama care. >> it has been happening every year as you and i and anyone who has a corporate plan knows. you're paying higher deductible, more out of pocket, higher monthly bills. >> we don't know what it's go
guardia is to me the least appealing of the three. >> terrible. >> we all pay a tax every time we fly on a plane but it goes to congress and they divvy that money across the country so it goes to airports that don't have necessarily nearly as many travelers. >> i like newark. they got all kinds of shopping. >> the lines are horrendous. >> all right. move on, mcdonald's is apparently ending a partial 40-year partnership with heinz after heinz hired burger king's former ceo. we thought as taste test was in order. we have three different -- what did you say? two minutes to eat all these french fries. we're going to see which -- >> trying which we like. >> i maintained i could tell heinz because heinz is my ketchup of choice. >> really? >> i did. let's go. everybody taste. >> which way. >> i think we've got heinz, hunts and america's choice. >> little spicy. >> tangy. >> some undertones of vanilla, little bit of leather under there. >> leather. >> i like how thick this one is. >> i don't know which one is heinz. we're going to find out. >> good balance. sweeter though. >> right. >> more tangy. >> li
penalty will be permitted to claim any tax deduction or benefit in connection with this payment. so that's what's in the agreement. often as is the case here, in addition to describing what is in the agreement, it's just as important to note what is not in the agreement. here there is no immunity from criminal prosecution for any person as i mentioned. in fact, as i said, this agreement does not have any binding affect on any any individuals either charged or uncharged and while the agreement today may end the government's prosecution of the sac capital companies, with respect to individuals, either at this hedge fund or the countless other financial institutions that buy and sell securities, we will continue to pursue insider trading investigations and follow the facts wherever they lead and the investigation in this case on the criminal side remains ongoing. now as i said just about four years ago, at the time of our first major insider trading arrests, greed sometimes is not good. and there are at least 75 convicted insider trading defendants who today would likely agree. but individu
Search Results 0 to 4 of about 5